Meyers' resignation from STRS Board to become official November 17

From John Curry, November 5, 2006

Subject: CORE Alert

Below is a release from the Ohio STRS in reference to the upcoming resignation of Board member Geoffrey Meyers. CORE members have observed Mr. Meyers becoming "testy" with Dr. Leone on several occasions. Mr. Meyers certainly has never lived his life on a teacher's salary (being a former executive officer of a nursing home chain in the Toledo area) and hasn't backed the Leone/Lazares reform movement at STRS as evidenced by his votes. Will a "reform minded" individual be the next appointment for Mr. Meyers's seat? We can only hope!

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The State Teachers Retirement System of Ohio (STRS Ohio) announced that Geoffrey G. Meyers has resigned his position as a retirement board member, effective Nov. 17, 2006, citing personal reasons. Mr. Meyers was appointed to the State Teachers Retirement Board by the speaker of the Ohio House of Representatives and the president of the Ohio Senate on Nov. 4, 2004. These individuals are responsible for appointing a successor to Mr. Meyers.

Conni Ramser, retirement board chair, said Mr. Meyers' leadership and expertise will be missed by fellow board members. Ramser said, "Geoff's focus and understanding of issues of relevance to our system made him an outstanding board member. We valued his input and counsel on investment matters and effective business practices."

Amended Substitute Senate Bill 133 created three new appointed positions for the State Teachers Retirement Board. One position is appointed by the Governor, one by the Treasurer of State and one is a joint appointment by the speaker of the Ohio House of Representatives and the president of the Ohio Senate. These appointees serve four-year terms on the board.